Country Contract $/Foreign Currency
Canada-dollar Spot .8437
Japan-yen Spot .004684
Switzerland Spot .5139
Question 2. (Exchange rate arbitrage)You own $10,000. The dollar rate in Tokyo is 216.6743. The yen rate in New York is given in the preceding table. Are arbitrage profits possible? Set up an arbitrage scheme with your capital. What is the gain (loss) in dollars?
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